Section 115WB(1) defines fringe benefits as benefits provided by an employer to employees, and that the deeming provision under Section 115WB(2) cannot be applied mechanically without establishing a benefit, direct or indirect, to employees.

Upholding the statutory requirement under Section 230(9), the NCLAT observed that after acquiring 90% consent from the unsecured creditors, the tribunals cannot demand holding meetings.

Upholding the statutory requirement under Section 230(9), the NCLAT observed that after acquiring 90% consent from the unsecured creditors, the tribunals cannot demand holding meetings.